Silver Bulls: Visualizing The Price Of Silver

Silver Bull Markets

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Silver Bulls: Visualizing the Price of Silver

Silver has always shown its value throughout history. From ancient coins to its use as a global currency during the Age of Discovery, silver has circulated the world to become an important financial asset. Its value continues to shine in the era of the modern finance industry.

Today’s infographic comes to us from New Pacific Metals and it takes a look at the bull markets in silver prices and the future of silver.

Silver Bulls: 1967 to Today

The late 1960s marked the beginning of the end for silver as currency, but also the start of its use in protecting and securing wealth.

In the United States, silver certificates were issued by the Treasury until late 1963, when the $1 Federal Reserve Note was released into circulation. After this, the remaining silver certificates were still redeemable for silver, but this practice ended in 1968.

Since then, silver has had several bull markets in which prices have increased—or as some silver aficionados may argue, the relative value of fiat currency has decreased.

  Percentage Gain Price Range (USD)* Duration
Silver Bull #1 (1967-68) 49% $12.50 - $18.58 13 months
Silver Bull #2 (1971-74) 274% $8.45 - $31.59 27 months
Silver Bull #3 (1976-80) 544% $18.40 - $118.50 48 months
Silver Bull #4 (1986-87) 40% $12.47 - $17.48 12 months
Silver Bull #5 (1993-95) 39% $6.47 - $9.00 27 months
Silver Bull #6 (2001-11) 827% $6.01 - $55.69 113 months
Silver Bull #7 (2015-Present?) 90% $15.04 - $28.53 56 months

Source: MacroTrends
*Inflation-adjusted data using CPI from BLS, LBMA Monthly prices

That said, not all silver bull markets are the same, nor do they necessarily coincide with bull markets in the price of gold.

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